Divestiture

Barclays and Brookfield Set to Divest Payment Unit: A New Chapter in Banking

1 month ago

In a significant move within the financial sector, Barclays and Brookfield Asset Management have reached an agreement to divest their payment processing unit. This strategic decision is expected to reshape the landscape of payment solutions within the banking industry, reflecting ongoing trends towards specialization and efficiency in financial services.

Coty Takes Bold Step: Divests Stake in Kim Kardashian's Beauty Empire

2 months ago

In a surprising move that has sent ripples through the beauty industry, Coty Inc. announced its decision to divest its stake in SKKN BY KIM, the beauty brand founded by reality TV star Kim Kardashian. This strategic shift arrives as Coty continues to refocus its portfolio and sharpen its competitive edge in the rapidly evolving cosmetics market.

Abu Dhabi Royal Firm Multiply in Search of Buyers for Its Cooling Unit

2 months ago

In a significant development within the corporate landscape of the UAE, Multiply, the investment firm associated with the royal family of Abu Dhabi, is reportedly looking to sell its cooling unit. This strategic move comes as the firm aims to streamline its operations and capitalize on potential market opportunities. Sources familiar with the matter have indicated that Multiply has begun reaching out to potential buyers for this key asset.

TD Bank to Divest Full Stake in Charles Schwab Amidst Financial Restructuring

3 months ago

TD Bank has announced a strategic decision to divest its complete equity investment in Charles Schwab Corporation, as the financial institution seeks to streamline its operations and adjust its investment portfolio. This move marks a significant shift for TD, which has been associated with Schwab—a leader in brokerage and financial services—for several years.

Exxon Mobil Considers Divesting $1 Billion Gas Station Network in Singapore

6 months ago

Exxon Mobil Corp. is reportedly exploring the possibility of selling its extensive network of gas stations in Singapore, a move that could generate upwards of $1 billion. This potential divestiture highlights the company's ongoing efforts to streamline its operations and enhance its focus on more lucrative markets amidst shifting energy dynamics and pressures for lower carbon emissions.

Rentokil Mulls $500 Million Divestiture of French Workwear Segment

6 months ago

In a significant strategic move, Rentokil Initial, the global leader in pest control and hygiene services, is reportedly considering the sale of its French workwear division valued at approximately $500 million. Sources familiar with the matter disclosed that this decision comes as part of the company's broader strategy to streamline operations and enhance financial performance.